Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.022%

Price spread now: Vest against Orderly−0.300%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Vest is 0.300% cheaper against Orderly than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_COIN_USDC_mythos	196.53	0.0100	pay 0.0100% / 8h	2h 07m	$568	$4K	10x
Short	Vest COIN-USD-PERP	195.94	−0.0110	pay 0.0014% / 1h	7m 56s	—	$289K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee VestbpOrdersPrice spread, now −0.300%Rate

Funding earned: −$44.12
Price spread: −0.300% → 0.000%: −$30.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$82.14
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Vest: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Orderly and Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget COINUSDT	−0.0783%	8h	196.67	+0.071%	$6.4M	$10.7M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.48	−0.025%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERPshort	−0.0110%	1h	195.94	−0.300%	—	$289K	25x
Gate COIN_USDT	−0.0077%	8h	196.61	+0.041%	$1.2M	$7.4M	50x	as long as short
Aster COINUSDT	0.0000%	8h	196.37	−0.081%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.46	−0.034%	$112K	$854K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.55	+0.009%	$15.1M	$82.6M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.51	−0.010%	$4.7M	$6.3M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.56	+0.015%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.45	−0.043%	$713K	$961K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.51	−0.009%	$11K	$2.6M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.42	−0.056%	$458K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	196.50	−0.015%	$1.3M	$3.0M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.43	−0.051%	$15K	$54K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.39	−0.071%	$15.3M	$13.8M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.41	−0.061%	$128K	$1.4M	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.32	−0.107%	$450K	$2.9M	10x	as long as short
SoDEX COIN-USD	+0.0060%	1h	196.47	−0.031%	$90	$3K	10x	as long as short
Phoenix COIN	+0.0082%	1h	196.47	−0.031%	$4K	$283K	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.21	−0.163%	$989K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.38	−0.076%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythoslong	+0.0100%	8h	196.53	long leg	$568	$4K	10x
Aevo COIN-PERP	+0.0104%	1h	196.50	−0.014%	$116	—	10x	as long as short
Lighter COIN	+0.0112%	1h	196.45	−0.040%	$380K	$2.3M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.50	−0.015%	$186K	$422K	20x	as long as short
edgeX COINUSDC	+0.0687%	4h	196.40	−0.066%	$51K	$294K	10x	as long as short